AFRICAN RESOURCE CENTER OF WEST MICHIGAN (EIN 464969773) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Bernard Ayoola

Phone

6165897039

Tax Period

2025-01-01 to 2025-12-31

AFRICAN RESOURCE CENTER OF WEST MICHIGAN, founded in 2014, is a small nonprofit in the Human Services sector that reported $175K in total revenue in fiscal year 2025. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $149K left a modest 15% surplus.

Mission

The African Resource Center informs connects and equips African immigrants in West Michigan with people and resources to foster a flourishing community in which recent African immigrants can prosper emotionally economically and socially.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $174,590

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $174,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,896

Fundraising Expenses $0

Program Expenses $146,650

Other Expenses $70,904

TOTAL EXPENSES $148,800

Year-over-Year Comparison

	2025	2024	Change
Revenue	$174,590	$89,560	+0.9%
Expenses	$148,800	$166,936	-0.1%
Net Income	$25,790	$-77,376	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$57,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bernard Ayoola	Executive Director	30.00	Officer	$57,240	$0	$57,240
Abraham Vreeke	Board Chair	1.00	Director	$0	$0	$0
Joyce Arthur	Board Secretary	1.00	Director	$0	$0	$0
Donald Bratt	Board Treasurer	1.00	Director	$0	$0	$0
Adetunji Ojo	Board Member	1.00	Director	$0	$0	$0
Arinola Ebosele	Board Member	1.00	Director	$0	$0	$0
Jennifer McDonald	Board Member	1.00	Director	$0	$0	$0
Eric Washington	Board Member	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$174,590	$148,800	$110,829	$25,790
2024	$89,560	$166,936	$85,039	$-77,376
2023	$52,798	$155,559	$162,415	$-102,761
2023	$52,798	$155,559	$162,415	$-102,761
2022	$324,487	$149,027	$265,176	$175,460

AFRICAN RESOURCE CENTER OF WEST MICHIGAN